By: Bill Waters, NewsOXY Reporter
12/27/2010 11:51 AM ET
Toyota to pay $10m in runaway Lexus suit - Famous case prompts recalls. Toyota has agreed to pay $10m to the family in a runaway Lexus suit. Four people were killed in the accident, which led to millions of recalls last year.
Larry Willis, the Attorney who represents the dealership that loaned the Lexus, released the amount Thursday in Los Angeles.
The dealership was privy to the confidential September settlement agreement, but has not yet reached a deal with those who sued it.
A Los Angeles judge on Monday denied a motion by Toyota and the plaintiffs to keep the settlement sealed.
Toyota had 48 hours to file a stay with a California court of appeal.
The August 2009 crash killed off-duty California Highway Patrol Officer Mark Saylor, his wife, their daughter and Saylor's brother-in-law.